rpadam
31-03-2010, 20:46
From the Morning Advertiser website today:
Lovering’s brave new vision for M&B
Welcome to the brave new world of Mitchells & Butlers (M&B). Last week, the results of a quick-fire, 55-day review of strategy at the managed behemoth was unveiled to analysts and investors.
New chairman John Lovering, the choice of activist investors Joe Lewis, John Magnier and JP McManus, was firmly in the box seat at the analysts’ presentation, signalling that a new era of firm chairmanship and active non-executive directors had begun.
You could smell the testosterone down the phone line as Lovering set about outlining the new vision in a muscular and at times bruising style — City analysts taking part in a conference call found themselves subject to verbal slap-downs if they failed to take the point (one was told off for referring to M&B’s pubs as, well, pubs: “You keep talking about pubs — I want you to talk about licensed catering outlets,” Lovering told the analyst).
Lovering’s brave new vision for M&B
Welcome to the brave new world of Mitchells & Butlers (M&B). Last week, the results of a quick-fire, 55-day review of strategy at the managed behemoth was unveiled to analysts and investors.
New chairman John Lovering, the choice of activist investors Joe Lewis, John Magnier and JP McManus, was firmly in the box seat at the analysts’ presentation, signalling that a new era of firm chairmanship and active non-executive directors had begun.
You could smell the testosterone down the phone line as Lovering set about outlining the new vision in a muscular and at times bruising style — City analysts taking part in a conference call found themselves subject to verbal slap-downs if they failed to take the point (one was told off for referring to M&B’s pubs as, well, pubs: “You keep talking about pubs — I want you to talk about licensed catering outlets,” Lovering told the analyst).